His ''[[The Wealth of Nations]]'' was one of the earliest attempts to study the historical development of industry and commerce in Europe, as well as a sustained attack on the doctrines of mercantilism. That work helped to create the modern academic discipline of economics and provided one of the best-known intellectual rationales for [[free trade]],<ref>https://www.aei.org/carpe-diem/adam-smith-makes-the-case-for-free-trade-and-warns-against-the-sophistry-of-domestic-producers-seeking-protectionism/</ref> capitalism, and [[libertarianism]]. It continues to greatly influence the writings of economists. | His ''[[The Wealth of Nations]]'' was one of the earliest attempts to study the historical development of industry and commerce in Europe, as well as a sustained attack on the doctrines of mercantilism. That work helped to create the modern academic discipline of economics and provided one of the best-known intellectual rationales for [[free trade]],<ref>https://www.aei.org/carpe-diem/adam-smith-makes-the-case-for-free-trade-and-warns-against-the-sophistry-of-domestic-producers-seeking-protectionism/</ref> capitalism, and [[libertarianism]]. It continues to greatly influence the writings of economists. |